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Global Passive Radiative Cooling Film Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

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1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Passive Radiative Cooling Film Consumption Value by Type: 2020 Versus 2024 Versus 2031
    • 1.3.2 Transmission Type
    • 1.3.3 Reflection Type
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Passive Radiative Cooling Film Consumption Value by Application: 2020 Versus 2024 Versus 2031
    • 1.4.2 Construction Industry
    • 1.4.3 Logistics and Warehousing
    • 1.4.4 Transportation Equipment
    • 1.4.5 Energy and Power Facilities
    • 1.4.6 Others
  • 1.5 Global Passive Radiative Cooling Film Market Size & Forecast
    • 1.5.1 Global Passive Radiative Cooling Film Consumption Value (2020 & 2024 & 2031)
    • 1.5.2 Global Passive Radiative Cooling Film Sales Quantity (2020-2031)
    • 1.5.3 Global Passive Radiative Cooling Film Average Price (2020-2031)

2 Manufacturers Profiles

  • 2.1 SPACE COOL
    • 2.1.1 SPACE COOL Details
    • 2.1.2 SPACE COOL Major Business
    • 2.1.3 SPACE COOL Passive Radiative Cooling Film Product and Services
    • 2.1.4 SPACE COOL Passive Radiative Cooling Film Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.1.5 SPACE COOL Recent Developments/Updates
  • 2.2 Azure Era
    • 2.2.1 Azure Era Details
    • 2.2.2 Azure Era Major Business
    • 2.2.3 Azure Era Passive Radiative Cooling Film Product and Services
    • 2.2.4 Azure Era Passive Radiative Cooling Film Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.2.5 Azure Era Recent Developments/Updates
  • 2.3 Radi-Cool
    • 2.3.1 Radi-Cool Details
    • 2.3.2 Radi-Cool Major Business
    • 2.3.3 Radi-Cool Passive Radiative Cooling Film Product and Services
    • 2.3.4 Radi-Cool Passive Radiative Cooling Film Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.3.5 Radi-Cool Recent Developments/Updates
  • 2.4 i2Cool
    • 2.4.1 i2Cool Details
    • 2.4.2 i2Cool Major Business
    • 2.4.3 i2Cool Passive Radiative Cooling Film Product and Services
    • 2.4.4 i2Cool Passive Radiative Cooling Film Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.4.5 i2Cool Recent Developments/Updates
  • 2.5 3M
    • 2.5.1 3M Details
    • 2.5.2 3M Major Business
    • 2.5.3 3M Passive Radiative Cooling Film Product and Services
    • 2.5.4 3M Passive Radiative Cooling Film Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.5.5 3M Recent Developments/Updates
  • 2.6 MG Energy
    • 2.6.1 MG Energy Details
    • 2.6.2 MG Energy Major Business
    • 2.6.3 MG Energy Passive Radiative Cooling Film Product and Services
    • 2.6.4 MG Energy Passive Radiative Cooling Film Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.6.5 MG Energy Recent Developments/Updates
  • 2.7 SVG Optoelectronics
    • 2.7.1 SVG Optoelectronics Details
    • 2.7.2 SVG Optoelectronics Major Business
    • 2.7.3 SVG Optoelectronics Passive Radiative Cooling Film Product and Services
    • 2.7.4 SVG Optoelectronics Passive Radiative Cooling Film Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.7.5 SVG Optoelectronics Recent Developments/Updates

3 Competitive Environment: Passive Radiative Cooling Film by Manufacturer

  • 3.1 Global Passive Radiative Cooling Film Sales Quantity by Manufacturer (2020-2025)
  • 3.2 Global Passive Radiative Cooling Film Revenue by Manufacturer (2020-2025)
  • 3.3 Global Passive Radiative Cooling Film Average Price by Manufacturer (2020-2025)
  • 3.4 Market Share Analysis (2024)
    • 3.4.1 Producer Shipments of Passive Radiative Cooling Film by Manufacturer Revenue ($MM) and Market Share (%): 2024
    • 3.4.2 Top 3 Passive Radiative Cooling Film Manufacturer Market Share in 2024
    • 3.4.3 Top 6 Passive Radiative Cooling Film Manufacturer Market Share in 2024
  • 3.5 Passive Radiative Cooling Film Market: Overall Company Footprint Analysis
    • 3.5.1 Passive Radiative Cooling Film Market: Region Footprint
    • 3.5.2 Passive Radiative Cooling Film Market: Company Product Type Footprint
    • 3.5.3 Passive Radiative Cooling Film Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Passive Radiative Cooling Film Market Size by Region
    • 4.1.1 Global Passive Radiative Cooling Film Sales Quantity by Region (2020-2031)
    • 4.1.2 Global Passive Radiative Cooling Film Consumption Value by Region (2020-2031)
    • 4.1.3 Global Passive Radiative Cooling Film Average Price by Region (2020-2031)
  • 4.2 North America Passive Radiative Cooling Film Consumption Value (2020-2031)
  • 4.3 Europe Passive Radiative Cooling Film Consumption Value (2020-2031)
  • 4.4 Asia-Pacific Passive Radiative Cooling Film Consumption Value (2020-2031)
  • 4.5 South America Passive Radiative Cooling Film Consumption Value (2020-2031)
  • 4.6 Middle East & Africa Passive Radiative Cooling Film Consumption Value (2020-2031)

5 Market Segment by Type

  • 5.1 Global Passive Radiative Cooling Film Sales Quantity by Type (2020-2031)
  • 5.2 Global Passive Radiative Cooling Film Consumption Value by Type (2020-2031)
  • 5.3 Global Passive Radiative Cooling Film Average Price by Type (2020-2031)

6 Market Segment by Application

  • 6.1 Global Passive Radiative Cooling Film Sales Quantity by Application (2020-2031)
  • 6.2 Global Passive Radiative Cooling Film Consumption Value by Application (2020-2031)
  • 6.3 Global Passive Radiative Cooling Film Average Price by Application (2020-2031)

7 North America

  • 7.1 North America Passive Radiative Cooling Film Sales Quantity by Type (2020-2031)
  • 7.2 North America Passive Radiative Cooling Film Sales Quantity by Application (2020-2031)
  • 7.3 North America Passive Radiative Cooling Film Market Size by Country
    • 7.3.1 North America Passive Radiative Cooling Film Sales Quantity by Country (2020-2031)
    • 7.3.2 North America Passive Radiative Cooling Film Consumption Value by Country (2020-2031)
    • 7.3.3 United States Market Size and Forecast (2020-2031)
    • 7.3.4 Canada Market Size and Forecast (2020-2031)
    • 7.3.5 Mexico Market Size and Forecast (2020-2031)

8 Europe

  • 8.1 Europe Passive Radiative Cooling Film Sales Quantity by Type (2020-2031)
  • 8.2 Europe Passive Radiative Cooling Film Sales Quantity by Application (2020-2031)
  • 8.3 Europe Passive Radiative Cooling Film Market Size by Country
    • 8.3.1 Europe Passive Radiative Cooling Film Sales Quantity by Country (2020-2031)
    • 8.3.2 Europe Passive Radiative Cooling Film Consumption Value by Country (2020-2031)
    • 8.3.3 Germany Market Size and Forecast (2020-2031)
    • 8.3.4 France Market Size and Forecast (2020-2031)
    • 8.3.5 United Kingdom Market Size and Forecast (2020-2031)
    • 8.3.6 Russia Market Size and Forecast (2020-2031)
    • 8.3.7 Italy Market Size and Forecast (2020-2031)

9 Asia-Pacific

  • 9.1 Asia-Pacific Passive Radiative Cooling Film Sales Quantity by Type (2020-2031)
  • 9.2 Asia-Pacific Passive Radiative Cooling Film Sales Quantity by Application (2020-2031)
  • 9.3 Asia-Pacific Passive Radiative Cooling Film Market Size by Region
    • 9.3.1 Asia-Pacific Passive Radiative Cooling Film Sales Quantity by Region (2020-2031)
    • 9.3.2 Asia-Pacific Passive Radiative Cooling Film Consumption Value by Region (2020-2031)
    • 9.3.3 China Market Size and Forecast (2020-2031)
    • 9.3.4 Japan Market Size and Forecast (2020-2031)
    • 9.3.5 South Korea Market Size and Forecast (2020-2031)
    • 9.3.6 India Market Size and Forecast (2020-2031)
    • 9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
    • 9.3.8 Australia Market Size and Forecast (2020-2031)

10 South America

  • 10.1 South America Passive Radiative Cooling Film Sales Quantity by Type (2020-2031)
  • 10.2 South America Passive Radiative Cooling Film Sales Quantity by Application (2020-2031)
  • 10.3 South America Passive Radiative Cooling Film Market Size by Country
    • 10.3.1 South America Passive Radiative Cooling Film Sales Quantity by Country (2020-2031)
    • 10.3.2 South America Passive Radiative Cooling Film Consumption Value by Country (2020-2031)
    • 10.3.3 Brazil Market Size and Forecast (2020-2031)
    • 10.3.4 Argentina Market Size and Forecast (2020-2031)

11 Middle East & Africa

  • 11.1 Middle East & Africa Passive Radiative Cooling Film Sales Quantity by Type (2020-2031)
  • 11.2 Middle East & Africa Passive Radiative Cooling Film Sales Quantity by Application (2020-2031)
  • 11.3 Middle East & Africa Passive Radiative Cooling Film Market Size by Country
    • 11.3.1 Middle East & Africa Passive Radiative Cooling Film Sales Quantity by Country (2020-2031)
    • 11.3.2 Middle East & Africa Passive Radiative Cooling Film Consumption Value by Country (2020-2031)
    • 11.3.3 Turkey Market Size and Forecast (2020-2031)
    • 11.3.4 Egypt Market Size and Forecast (2020-2031)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
    • 11.3.6 South Africa Market Size and Forecast (2020-2031)

12 Market Dynamics

  • 12.1 Passive Radiative Cooling Film Market Drivers
  • 12.2 Passive Radiative Cooling Film Market Restraints
  • 12.3 Passive Radiative Cooling Film Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Passive Radiative Cooling Film and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Passive Radiative Cooling Film
  • 13.3 Passive Radiative Cooling Film Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Passive Radiative Cooling Film Typical Distributors
  • 14.3 Passive Radiative Cooling Film Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    According to our (Global Info Research) latest study, the global Passive Radiative Cooling Film market size was valued at US$ 2.2 million in 2024 and is forecast to a readjusted size of USD 5.9 million by 2031 with a CAGR of 13.6% during review period.
    In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
    Passive Radiative Cooling Film is an advanced material capable of achieving efficient heat dissipation without external energy input. Its working principle relies on two key characteristics: first, emitting heat directly into outer space as infrared radiation through the atmospheric window (8–13 micrometre wavelength range); second, highly reflecting sunlight (particularly visible and near-infrared wavelengths) to minimize solar absorption. Typically structured with a multi-layered design, it incorporates materials with high infrared emissivity (e.g., polymers or metal oxides) and solar-reflective layers, enabling continuous operation day and night. Applications span building energy efficiency (e.g., reducing air conditioning loads), electronics thermal management, and solar panel cooling, offering environmental benefits, low energy consumption, and sustainability.
    The global key manufacturers of Passive Radiative Cooling Film include 3M, i2Cool, SPACE COOL, Radi-Cool, SkyCool Systems, Azure Era, MG Energy, and etc. In 2024, the global top five players had a share approximately 85.04% in terms of revenue.
    The Passive Radiative Cooling Film market is currently dominated by China, where companies primarily collaborate with the government on large-scale projects such as granary renovations and airport upgrades. In contrast, North American companies, despite their early research advancements, have focused on commercial and industrial applications. However, demand in these sectors remains relatively low, as cheaper reflective films are often preferred as a more cost-effective alternative.
    Moreover, most companies in the industry prioritize Passive Radiative Cooling coatings over films. Coating products are significantly more cost-efficient, with an added cost of less than $0.1 per square meter compared to regular coatings, making them the preferred choice for most commercial applications. However, the thermal insulation performance of coatings is heavily dependent on application techniques, whereas films offer more stable performance, albeit at a higher cost.
    Leading companies in the industry have expressed plans to expand aggressively into high-temperature markets such as the Middle East and Southeast Asia, where demand is expected to grow significantly over the next few years.
    This report is a detailed and comprehensive analysis for global Passive Radiative Cooling Film market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
    Key Features:
    Global Passive Radiative Cooling Film market size and forecasts, in consumption value ($ Million), sales quantity (Sq m), and average selling prices (US$/Sq m), 2020-2031
    Global Passive Radiative Cooling Film market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Sq m), and average selling prices (US$/Sq m), 2020-2031
    Global Passive Radiative Cooling Film market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Sq m), and average selling prices (US$/Sq m), 2020-2031
    Global Passive Radiative Cooling Film market shares of main players, shipments in revenue ($ Million), sales quantity (Sq m), and ASP (US$/Sq m), 2020-2025
    The Primary Objectives in This Report Are:
    To determine the size of the total market opportunity of global and key countries
    To assess the growth potential for Passive Radiative Cooling Film
    To forecast future growth in each product and end-use market
    To assess competitive factors affecting the marketplace
    This report profiles key players in the global Passive Radiative Cooling Film market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include SPACE COOL, Azure Era, Radi-Cool, i2Cool, 3M, MG Energy, SVG Optoelectronics, etc.
    This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
    Market Segmentation
    Passive Radiative Cooling Film market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
    Market segment by Type
    Transmission Type
    Reflection Type
    Market segment by Application
    Construction Industry
    Logistics and Warehousing
    Transportation Equipment
    Energy and Power Facilities
    Others
    Major players covered
    SPACE COOL
    Azure Era
    Radi-Cool
    i2Cool
    3M
    MG Energy
    SVG Optoelectronics
    Market segment by region, regional analysis covers
    North America (United States, Canada, and Mexico)
    Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
    Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
    South America (Brazil, Argentina, Colombia, and Rest of South America)
    Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
    The content of the study subjects, includes a total of 15 chapters:
    Chapter 1, to describe Passive Radiative Cooling Film product scope, market overview, market estimation caveats and base year.
    Chapter 2, to profile the top manufacturers of Passive Radiative Cooling Film, with price, sales quantity, revenue, and global market share of Passive Radiative Cooling Film from 2020 to 2025.
    Chapter 3, the Passive Radiative Cooling Film competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
    Chapter 4, the Passive Radiative Cooling Film breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
    Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
    Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Passive Radiative Cooling Film market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
    Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
    Chapter 13, the key raw materials and key suppliers, and industry chain of Passive Radiative Cooling Film.
    Chapter 14 and 15, to describe Passive Radiative Cooling Film sales channel, distributors, customers, research findings and conclusion.

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